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      Top News in Philly Development: February 2020

      Ever feel like Philly changes so fast you can’t keep up? No sweat. We’ll be bringing you our favorite articles from the month on Philly development – North, South, East, and West. See below for a roundup of all the best local articles from January news.

      Real Estate Trends and Market Updates:

      Happy hour vibe or library quiet? A guide to picking the right co-working space.
      Where: The Washington Post
      What: Co-working spaces are expected to make a comeback. This article breaks down the top amenities you should consider when finding the right one for you.

      Philly just challenged an infamous slumlord to a legal death match and won
      Where: WHYY
      What: The city makes a rare move to take control of a Germantown affordable housing property in a state of disrepair.

      Philly’s chief tax assessor, often criticized for uneven assessments, resigns
      Where: KYW
      What: Mike Piper, head of the office that assesses real estate for tax purposes, resigns after 28 years.

      Philly has more growth in young college degree holders than Boston and NYC
      Where: Technically Philly
      What: Philly is seeing more applications for area colleges, and more retention among college grads.

      Philly experiments with new rent voucher aimed at keeping families in their homes
      Where: WHYY
      What: Philly will test a new program that offers rent vouchers of $300 or less to low-income renters.

      As Philly clears homeless encampments, Convention Center and businesses work to fund permanent housing
      Where: Billy Penn
      What: Philly is partnering with local businesses like the Convention Center to help the city’s homeless find permanent housing, as well as access to help with addiction and mental health issues.

      Openings and Up-and-Coming Development Projects:

      Philly’s High Street Retail Corridor May Get Slammed With Vacancies In 2020
      Where: Bisnow
      What: Three vacancies are hitting the Walnut Street retail corridor in 2020, while some newer tenants will replace traditional retail stores with service retail.

      The Next Big Thing?: Shopfulfill’s Anchor Shops
      Where: Westfair Communications
      What: Anchor Shops comes to Philly’s Fashion District, bringing 40 digital retailers to the space.

      Philly saw $1.35B in business deals in 2019, with life sciences leading
      Where: Technically Philly
      What: Philly saw a record year for business deals in 2019, with fewer deals but for a higher spend, much of it coming from the life science sector.

      Feibush to build apartments on Point Breeze Ave. lot where ill-fated beer garden once stood
      Where: WHYY
      What: Point Breeze Avenue might see fewer commercial units, and more apartment buildings.

      The Arts and Architecture:

      Old Synagogue on North Broad at Center of New Construction Plan
      Where: Hidden City Philadelphia
      What: Synagogue and college built at Broad and York Streets in the early 1900s, and designed by Philadelphia architect Abraham Levy, will remain  preserved and intact while developers build two new five story buildings in its lot.

      The real-life Tracy Lord behind Allens Lane’s ‘Story’
      Where: Chestnut Hill Local
      What: The story of the local socialite who served as the inspiration for Katherine Hepburn’s character in The Philadelphia Story, and the Chestnut Hill local who became Hepburn’s real-life friend.

      Found in South Philadelphia, an Underground Railroad station
      Where: WHYY
      What: An integral stop in the Underground Railroad, which sheltered hundreds of escaped slaves one of whom was Harriet Tubman, has been found in South Philly.

      Do you have questions about Philly’s changing neighborhoods and real estate trends? Reach out to Christina Briglia, Realtor, anytime at 267.231.5484 or [email protected].

      Category: News